CARO Applicability

Stat Audit 970 views 2 replies

Will share application money pending for allotment be considered while calculating paidup share capital for private company ??????

Please answer with reason...............

Replies (2)

No, as Share Application Money is not a part of Paid up Share Capital.........
It is shown seperately in the balance sheet also.........

Please be specific.............

Where it is shown in B/s as per schedual vi


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